Starmer Announces Boost to Scottish Economy – Scottish Business News

Starmer announces future of British energy to be powered by the talent and skills of the Granite City

At the Labour Conference in Liverpool this afternoon, Sir Keir Starmer has announced this that GB Energy will be headquartered in Aberdeen.

Speaking to the conference he said: “And another thing Conference, another promise kept.

“We said GB Energy, our publicly owned National Champion, the vehicle that would drive forward our mission on clean energy, we said it belonged in Scotland. And it does. But the truth is it could only really ever be based in one place in Scotland.

“So, today I can confirm that the future of British energy will be powered as it has been for decades by the talent and skills of the working people in the granite city, with GB Energy based in Aberdeen.”

His announcement was greeted by great applause with much cheering from the conference floor.

Given the damage done to the NE economy with the Labour Government decision to halt future oil and gas exploration with is welcome news for the Scottish and the NE Economy.

The British Government’s ambitious initiative aims to transform the UK’s energy landscape and achieving a zero-carbon electricity system by 2030.

Headquartered in Aberdeen, it is understood that GB Energy will receive £8.3 billion in government funding over the current parliament, to under pin its strong commitment to renewable energy. GB Energy will own, manage, and operate clean power projects, collaborating with the private sector, local authorities, and communities.

The initiative focuses on investing in cutting-edge technologies such as green hydrogen, tidal energy, and floating offshore wind, while also expanding established technologies like wind farms.A key component of GB Energy is the Local Power Plan, which seeks to develop up to 8 GW of energy through community-led projects.

The initiative aims to partner with local councils throughout the UK and reinvest profits into communities. A key feature of the concept is that the benefits of renewable energy are felt at the grassroots level.

The initiative aims to quadruple solar power capacity and significantly reduce reliance on fossil fuels, potentially lowering annual energy bills by up to £300 per household.

Additionally, GB Energy is expected to create approximately 200,000 new jobs nationwide, boosting employment in the green energy sector while enhancing energy security.